On Friday, CMS Energy Corporation (NYSE: CMS) was -1.19% down from the session before settling in for the closing price of $61.36. A 52-week range for CMS has been $49.87 – $63.76.
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During the last 5-year period, the sales growth of Utilities Sector giant was 2.33%. When this article was written, the company’s average yearly earnings per share was at 7.17%. With a float of $296.87 million, this company’s outstanding shares have now reached $298.63 million.
Let’s determine the extent of company efficiency that accounts for 8356 employees.
CMS Energy Corporation (CMS) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward CMS Energy Corporation stocks. The insider ownership of CMS Energy Corporation is 0.59%, while institutional ownership is 94.25%. The most recent insider transaction that took place on May 02 ’24, was worth 122,207. In this transaction Senior Vice President of this company sold 2,000 shares at a rate of $61.10, taking the stock ownership to the 97,682 shares. Before that another transaction happened on Feb 23 ’24, when Company’s Senior Vice President sold 3,500 for $57.78, making the entire transaction worth $202,240. This insider now owns 68,971 shares in total.
CMS Energy Corporation (CMS) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 7.17% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.60% during the next five years compared to 5.32% growth over the previous five years of trading.
CMS Energy Corporation (NYSE: CMS) Trading Performance Indicators
You can see what CMS Energy Corporation (CMS) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.05. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.46.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.26, a number that is poised to hit 0.62 in the next quarter and is forecasted to reach 3.60 in one year’s time.
Technical Analysis of CMS Energy Corporation (CMS)
Looking closely at CMS Energy Corporation (NYSE: CMS), its last 5-days average volume was 1.5 million, which is a drop from its year-to-date volume of 2.4 million. As of the previous 9 days, the stock’s Stochastic %D was 30.14%. Additionally, its Average True Range was 0.94.
During the past 100 days, CMS Energy Corporation’s (CMS) raw stochastic average was set at 64.30%, which indicates a significant increase from 7.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.66% in the past 14 days, which was higher than the 17.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $60.75, while its 200-day Moving Average is $57.71. However, in the short run, CMS Energy Corporation’s stock first resistance to watch stands at $60.92. Second resistance stands at $61.20. The third major resistance level sits at $61.38. If the price goes on to break the first support level at $60.46, it is likely to go to the next support level at $60.28. Should the price break the second support level, the third support level stands at $60.00.
CMS Energy Corporation (NYSE: CMS) Key Stats
There are 298,064K outstanding shares of the company, which has a market capitalization of 18.11 billion. As of now, sales total 7,462 M while income totals 887,000 K. Its latest quarter income was 2,176 M while its last quarter net income were 287,000 K.
